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mircea_popescu: this is false. you have no better access than the students of cause-theory, for very good thermodynamic reasons.
mircea_popescu: the way this promise goes is, "if you limit yourself to purpose-theory, you will have privileged access to ultimate effect"
mircea_popescu: see, you're trapped in this particular worldview, which falsely promises you somewthing.
mircea_popescu: it's not that. i don't care about the man's memory or anything. im trying to explain a fundamental difference in approach.
mircea_popescu: he proceeded from basic principle. and he, and a lot of other people, couldn't give less of a shit as to what the ultimate implications are.
mircea_popescu: ok. so then. satoshi didn't proceed towards this goal or that goal, as presumed by this or that purpose-built theory of economics.
mircea_popescu: you at all familiar with the ancient art of hermeneutics, Dimsler ?
mircea_popescu: but in fact, a number of people are not doing any of that.
mircea_popescu: you're trying to apply the acting towards a purpose approach, because that's all they teach anymore.
mircea_popescu: looky here. all this would make a lot more sense to you if you read the trilema explanation as to the difference of acting from a cause from acting towards a purpose.
mircea_popescu: fucktard. for one thing, it STABILIZES the price. which is good.
mircea_popescu: "Contrary to popular belief, a rising bitcoin price ends up damaging liquidity instead of improving it. Miners are encouraged to cashout their huge gains by a rising price. This leads to volatility across the board via crashes. The volatility makes it too difficult to perform economic calculation in BTC."
mircea_popescu: "it's flawed because the government should get it to give it to us why should some people get it to do whatever they feel like onoes"
mircea_popescu: "I want to make this clear. This is not the result of a conspiracy or collusion. This is the outcome of flawed economic incentives and the reaction to them by participants. Hardware used to mine is irrelevant. The underlying rationale regarding distribution of newly created bitcoins is flawed."
mircea_popescu: Dimsler how could one catch your post there, seeing how there's no dimsler ?
mircea_popescu: mkay so the situation is that you have a btc-e account and work as a broker, but when i asked you the first time you figured it's a good moment to insert a pretense of significant holdings you don't actually hold, and in doing so inadvertently blew to bits your earlier description of your actual activity, which was up to that point correct.
mircea_popescu: well, you made the correlation, i'm just trying to follow.
mircea_popescu: if you're looking to "pump to sell your own coins", the moment you found a buyer you sell and that';s it.
mircea_popescu: inasmuch as you have a stash, you already took a form of exposure.
mircea_popescu: so then if you have a large stash of your own coin, why do you need to hedge on any website ?!
mircea_popescu: "Any undertaking carried out with Bitcoin (BTC) will begin immediately, though it may be up to 24 hours before it is reflected in your BTC-e account. BTC-e executes all account withdrawals right away or in 1-2 days."
mircea_popescu: so i gather you have a btc-e account and work as a broker ?
mircea_popescu: "Do you accept any alternate forms of payment such as Debit/Credit Cards?" that part is pretty win.
mircea_popescu: Dear participants of the BTC-e.com The cases of hacking accounts with the use of viruses disguised as trade bots, trading platform, and also subscription for mailout, from which you may catch a virus if you follow a link in it, became more frequent.
mircea_popescu: i dunno if i can mix being scammed with not being scammed but not making a profit.
mircea_popescu: imagine this shit, the first time i actually buy a mining future contract, i actually get a great deal on it.
mircea_popescu: thickasthieves only with people who'll actually deliver. like say X-Rob here :p
mircea_popescu: that was scammy at the time but by now even the usg is doing it, so it seems to have been legalised ipso facto
mircea_popescu: anyway, btc-e has indeed been around for a long time, and no i don't know anything substantial against them, so.
mircea_popescu: so you deal btc in person in your geographical area and use btc-e to float the spot risk ?
mircea_popescu: "<Dimsler> i hedge my clients on there exchange" << this will need some clarification.
mircea_popescu: <Dimsler> its been the most stable buisness in btc << nah, mpex is actually older.
mircea_popescu: recall, most of the scams unwinding in the scamspace, bfl, mtgox, etc all tried to use the otc and got rejected.
mircea_popescu: ben_vulpes eh let them have their fun, if they bought tesla it'd be no different.
mircea_popescu: can't now be reproduced by the usg, with the help of a smaller bucnh of much more retarded "community" members.
mircea_popescu: what one sole idiot with the help of a bunch of retarded community members accomplished in 2011
mircea_popescu: totally insufficient experience of what threat really means.
mircea_popescu: thickasthieves not specifically the price itself. more holistically speaking.
mircea_popescu: the next pass, if fucking sponsored by the UN, if it has a special international institution created, won't get as far.
mircea_popescu: and i would like the permanent record to reflect the fact that this is going to be the high water mark for all time.
mircea_popescu: you mean ask a rap artist if he'd rather have 10k or 100 speed balls for his contract advance ?
mircea_popescu: loser dude with no crib to take the bitches at keeps bringing teenaged priss puss over to this ravine or w/e, asks them to do things much to their indignant surprise,
mircea_popescu: ben_vulpes you know how the passanger door stops working right ?
mircea_popescu: <thickasthieves> ninja swing out of my car to the trunk in one move, cuz why not << that.
mircea_popescu: i suppose western obesity had a lot to do with why it didn't catch over here,
mircea_popescu: thickasthieves not as much as a performance sport. more like an erryday activity.
mircea_popescu: in the 90s i was hoping for it to take over the world,
mircea_popescu: or at least, a lulzy subset of breakdancing consising of "hei guise i've just been thrown at speed fron three feet up, look what i can do"
mircea_popescu: thickasthieves incidentally, you know what else includes breakdancing ? horseback riding lol
mircea_popescu: well that depends. if he's actually good rather than just faking it well (by doing the moves he can do in succession so as to distract from the narrowness)